San Francisco, CA Bankruptcy Attorney SagariaLaw HomeSan Francisco Bankruptcy: Reaffirming Personal Property
Mortgage lenders and automobile finance companies in San Francisco are usually more than happy to keep accepting your current monthly payments both before and after a Chapter 7 bankruptcy. This is called reaffirming your debt. They are in the finance business to make money not to repossess your property. When the finance company reaffirms the debt, they have the comfort of knowing that you have no other outstanding debts, you cannot file Chapter 7 or 13 bankruptcy for another eight years, and they can continue to collect the principal plus interest under the original loan agreements.
Our San Francisco attorneys at Sagaria Law will make all of the arrangements for you to reaffirm your debts on your home, car, or other household goods that you are financing. Many credit card companies are also willing to reaffirm your debt with them and reinstate your line of credit after Chapter 7 or 13 bankruptcy. Although we are happy to arrange reaffirmation agreements on these debts as well, we also caution our clients to avoid getting back into the credit card trap.
Our San Francisco attorneys at Sagaria Law will make all of the arrangements for you to reaffirm your debts on your home, car, or other household goods that you are financing. Many credit card companies are also willing to reaffirm your debt with them and reinstate your line of credit after Chapter 7 or 13 bankruptcy. Although we are happy to arrange reaffirmation agreements on these debts as well, we also caution our clients to avoid getting back into the credit card trap.
